Centrifugal Cream Separator Market

The article discusses the rising demand for centrifugal cream separators globally, projecting an upward trend in market consumption from 2022 to 2030. It provides detailed insights on market performance, consumption patterns, production volumes, imports, and exports. Key highlights include the highest consuming countries, market value projections, and price trends in the global market for centrifugal cream separators.

Market Forecast

Driven by rising demand for centrifugal cream separator worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +2.0% for the period from 2022 to 2030, which is projected to bring the market volume to 768K units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.6% for the period from 2022 to 2030, which is projected to bring the market value to $762M (in nominal prices) by the end of 2030.

Consumption

World Consumption of Centrifugal Cream Separators

For the fourth year in a row, the global market recorded decline in consumption of centrifugal cream separators, which decreased by -6.4% to 654K units in 2022. Over the period under review, consumption recorded a deep contraction. Over the period under review, global consumption reached the peak volume at 1.2M units in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

The global centrifugal cream separator market revenue surged to $531M in 2022, jumping by 27% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a sharp slump. Over the period under review, the global market reached the peak level at $5.9B in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Sweden (83K units), Russia (76K units) and the UK (66K units), with a combined 34% share of global consumption. Japan, Ukraine, Australia, South Africa, Bahamas, the United States, Italy, Nepal, Mozambique and China lagged somewhat behind, together comprising a further 48%.

From 2012 to 2022, the biggest increases were recorded for Nepal (with a CAGR of +176.8%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Sweden ($74M), Ukraine ($61M) and the United States ($36M) constituted the countries with the highest levels of market value in 2022, together accounting for 32% of the global market. Italy, Australia, Russia, Japan, Mozambique, China, South Africa, Nepal, Bahamas and the UK lagged somewhat behind, together accounting for a further 14%.

Among the main consuming countries, Nepal, with a CAGR of +117.1%, saw the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of centrifugal cream separator per capita consumption was registered in Bahamas (80 units per 1000 persons), followed by Sweden (7.9 units per 1000 persons), Australia (1.3 units per 1000 persons) and the UK (1 units per 1000 persons), while the world average per capita consumption of centrifugal cream separator was estimated at 0.1 units per 1000 persons.

In Bahamas, centrifugal cream separator per capita consumption expanded at an average annual rate of +108.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sweden (+7.9% per year) and Australia (-1.2% per year).

Production

World Production of Centrifugal Cream Separators

Global centrifugal cream separator production shrank slightly to 1.1M units in 2022, reducing by -1.7% compared with 2021 figures. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 9.1%. As a result, production reached the peak volume of 1.3M units. From 2015 to 2022, global production growth remained at a lower figure.

In value terms, centrifugal cream separator production contracted slightly to $549M in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 12% against the previous year. As a result, production reached the peak level of $571M. From 2020 to 2022, global production growth failed to regain momentum.

Production By Country

The country with the largest volume of centrifugal cream separator production was China (541K units), accounting for 48% of total volume. Moreover, centrifugal cream separator production in China exceeded the figures recorded by the second-largest producer, Sweden (83K units), sevenfold. Russia (76K units) ranked third in terms of total production with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume in China was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Sweden (+0.8% per year) and Russia (-3.9% per year).

Imports

World Imports of Centrifugal Cream Separators

In 2022, supplies from abroad of centrifugal cream separators increased by 63% to 192K units, rising for the second consecutive year after two years of decline. In general, imports saw pronounced growth. The pace of growth appeared the most rapid in 2016 when imports increased by 259%. Global imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, centrifugal cream separator imports rose significantly to $71M in 2022. Over the period under review, imports, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2017 when imports increased by 25% against the previous year. Global imports peaked at $96M in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports By Country

The countries with the highest levels of centrifugal cream separator imports in 2022 were Bahamas (32K units), the United States (29K units), Nepal (26K units) and Mozambique (24K units), together accounting for 58% of total import. Russia (14K units) held the next position in the ranking, followed by Azerbaijan (14K units), Uzbekistan (12K units) and Armenia (11K units). All these countries together held approx. 26% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Nepal (with a CAGR of +176.8%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest centrifugal cream separator importing markets worldwide were the United States ($11M), Russia ($6.8M) and Armenia ($1M), together accounting for 26% of global imports. Mozambique, Nepal, Uzbekistan, Azerbaijan and Bahamas lagged somewhat behind, together accounting for a further 3%.

Nepal, with a CAGR of +117.1%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average centrifugal cream separator import price stood at $369 per unit in 2022, which is down by -32.2% against the previous year. Overall, the import price saw a deep downturn. The growth pace was the most rapid in 2013 when the average import price increased by 185% against the previous year. As a result, import price attained the peak level of $2,262 per unit. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($485 per unit), while Bahamas ($5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+5.4%), while the other global leaders experienced a decline in the import price figures.

Exports

World Exports of Centrifugal Cream Separators

In 2022, the amount of centrifugal cream separators exported worldwide soared to 655K units, growing by 18% compared with the previous year's figure. In general, exports posted a buoyant increase. The pace of growth was the most pronounced in 2021 when exports increased by 273% against the previous year. The global exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, centrifugal cream separator exports rose significantly to $58M in 2022. Overall, exports, however, continue to indicate a slight setback. The growth pace was the most rapid in 2017 with an increase of 64% against the previous year. Over the period under review, the global exports hit record highs at $75M in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports By Country

China was the largest exporter of centrifugal cream separators in the world, with the volume of exports finishing at 519K units, which was near 79% of total exports in 2022. It was distantly followed by India (66K units), constituting a 10% share of total exports. The following exporters - South Africa (15K units), Russia (14K units) and Armenia (11K units) - each recorded a 6.1% share of total exports.

China was also the fastest-growing in terms of the centrifugal cream separators exports, with a CAGR of +89.4% from 2012 to 2022. At the same time, India (+40.0%) and South Africa (+5.9%) displayed positive paces of growth. Armenia experienced a relatively flat trend pattern. By contrast, Russia (-9.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, India and Armenia increased by +79, +8.9 and +1.6 percentage points, respectively.

In value terms, India ($5.1M) remains the largest centrifugal cream separator supplier worldwide, comprising 8.8% of global exports. The second position in the ranking was held by Russia ($1.2M), with a 2.1% share of global exports. It was followed by Armenia, with a 1.9% share.

In India, centrifugal cream separator exports expanded at an average annual rate of +15.0% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (-10.5% per year) and Armenia (0.0% per year).

Export Prices By Country

In 2022, the average centrifugal cream separator export price amounted to $88 per unit, dropping by -9.7% against the previous year. In general, the export price faced a abrupt setback. The growth pace was the most rapid in 2015 when the average export price increased by 94% against the previous year. Over the period under review, the average export prices hit record highs at $534 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Armenia ($104 per unit), while China ($1.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-1.5%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform